Oshkosh (NYSE:OSK) Stock Rating Lowered by Zacks Research

Oshkosh (NYSE:OSK) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms also recently commented on OSK. Citigroup dropped their price objective on Oshkosh from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $150.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. DA Davidson lifted their price target on shares of Oshkosh from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Truist Financial decreased their price objective on shares of Oshkosh from $196.00 to $174.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $165.79.

Oshkosh Price Performance

Oshkosh stock opened at $127.41 on Tuesday. Oshkosh has a 1 year low of $116.77 and a 1 year high of $180.49. The firm has a 50 day moving average price of $144.70 and a 200 day moving average price of $143.09. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. Oshkosh’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Sell-side analysts predict that Oshkosh will post 10.54 earnings per share for the current year.

Insiders Place Their Bets

In other Oshkosh news, Director John Pfeifer sold 778 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the sale, the director owned 150,669 shares in the company, valued at $22,600,350. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oshkosh

Several institutional investors and hedge funds have recently made changes to their positions in OSK. NorthCrest Asset Manangement LLC increased its stake in Oshkosh by 26.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,306 shares of the company’s stock valued at $548,000 after purchasing an additional 909 shares during the last quarter. Sacks & Associates LLC acquired a new stake in shares of Oshkosh during the third quarter worth $271,000. GK Wealth Management LLC bought a new position in shares of Oshkosh in the 3rd quarter worth about $47,000. GAMMA Investing LLC lifted its position in shares of Oshkosh by 17.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,262 shares of the company’s stock worth $163,000 after buying an additional 183 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Oshkosh by 56.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,832 shares of the company’s stock valued at $236,000 after buying an additional 662 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.